Monthly Archives: June 2021

On Balance: Daily Notes for June 22, 2021

Posted on June 21, 2021 by research

OUR VIEW Trade cautiously amid negative sentiment abroad as it may spillover in the local bourse especially that the latter is susceptible to profit-taking after the market rally from its recent low. Investors overseas continue to digest the hawkish tone … Continue reading →

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On Balance: Weekly Notes for June 21, 2021

Posted on June 21, 2021 by research

OUR VIEW FOR THE WEEK As of June 18, 2021, the local market is up by 11.29% from its May 24, 2021 trough of 6,156.20, making it susceptible still to profit taking. Thus, if there will be no catalyst this … Continue reading →

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On Balance: Daily Notes for June 18, 2021

Posted on June 17, 2021 by research

OUR VIEW Take some profits after the market failed to breach the 7,000 psychological resistance line and the red candle yesterday confirmed the shooting star bearish candle. Given this, we may see the market returning to the support level of … Continue reading →

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On Balance: Daily Notes for June 17, 2021

Posted on June 16, 2021 by research

OUR VIEW Book some gains since the psychological resistance remains at 7,000 level. Chart-wise, yesterday’s candle looks like a shooting star, a bearish reversal pattern after a rally. If it confirms, the market may return to its support of 6,600 … Continue reading →

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On Balance: Daily Notes for June 16, 2021

Posted on June 15, 2021 by research

OUR VIEW Trade cautiously as the market may test the psychological resistance of 7,000 level. In addition, selling pressure is expected as the PSEi remains in the overbought level of the RSI (14). Foreigners turned sellers again yesterday valued at … Continue reading →

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On Balance: Daily Notes for June 15, 2021

Posted on June 14, 2021 by research

OUR VIEW Accumulate cautiously as we expect the market to take cues from the new quarantine classification in the NCR Plus Bubble. Looser measures may spur optimism, however, PSEi will also test the 6,900 resistance area. If it fails to … Continue reading →

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On Balance: Trading Guide for June 15 to 25, 2021

Posted on June 14, 2021 by research

Philstocks Trading Guide We are glad to share this Philstocks Trading Guide to help you widen your trading opportunities and become a more effective stock market trader. Stocks on focus: PCOR & BHI For the full research,  kindly go here: Philstocks Trading Guide … Continue reading →

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On Balance: Daily Notes for June 11, 2021

Posted on June 10, 2021 by research

OUR VIEW Book more gains as the market failed to stay above the 6,900 level resistance. On a positive note, the return of foreign buyers this month may provide optimism. Net foreign buying is currently at P6.14 Bn month-to-date. In … Continue reading →

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On Balance: Daily Notes for June 10, 2021

Posted on June 9, 2021 by research

OUR VIEW Trade cautiously after the market surged yesterday and reached the current resistance of 6,900 level. Profit taking is expected that may cause a weak pullback in the market. On a positive note, the arrival of 3.2 Mn Covid-19 … Continue reading →

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On Balance: Daily Notes for June 09, 2021

Posted on June 8, 2021 by research

OUR VIEW Trade cautiously after the market ignored the increase in unemployment rate data yesterday. Investors may digest the unemployment figure in April. Chart-wise, resistance remains at 6,900 while support is pegged at 6,600 level. 50-day EMA is pointing up … Continue reading →

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